Well, something will happen today (sharpiss up or down) due to the auction.
Not sure what will happen, specially because the results won't be known that soon.
Topic: Will bitcoin surpass 300 in the next 24 hours? - page 4. (Read 3909 times)
i think not in 24 hoour or weekly
I am hoping that we may reach at $300 in the next 24 hours but my gut tells me that it will not be and will require more time to settle at a higher floor to finally reach that mark.
Spot on, i fully agree, every indicator is there that we are going over 300, but u cant rally up if u dont drain out weak hands before.
Im thinking about the 240-250$ for new floor price soon, but the support just doesnt seam to allow it for now.
If 300 is your sell price, wait a week or so, i say, things should settle down by then.
cheers
Next week I think we'll see 300+
Watch the stars tonight, gentlemen. Bitcoin gives you wings!
I am hoping that we may reach at $300 in the next 24 hours but my gut tells me that it will not be and will require more time to settle at a higher floor to finally reach that mark.
The bitcoin price continued to rally north amid a little adjustment. We initially expected the price to form a downward sloping channel once peaking through the 290ish point. However, the constant occurring temporary supports made sure the price remained in a bullish bias state. Read on for our daily bitcoin price analysis.
We have recently seen the bitcoin price climb daily which points to the recent fundamental upgrades in the bitcoin arena. The inclusion of the Bitcoin Investment Trust, followed by the launch of Tera Exchange into the mainstream investing markets has literally acted as a rocket fuel to the digital currency’s value. Traders are expecting a notable Wall Street adoption in the future. Therefore, we wouldn’t be surprised if the price extends above the key resistance levels in the coming days.
March 4th Bitcoin Trading Session
The BTC/USD opened near 279, after being dumped at the intraday peak of 294. The routine price correction woke up a few bears, who briefly attempted to break below the psychological support around 275. An equal effort from the upside lovers made sure that price continued to stay in its prevailing bullish momentum. As a result, the bitcoin price once again moved a little north and validated its bullish bias.
At press time, the BTC/USD is being valued near 282.
What to Expect Today?
It is too soon to determine whether the bitcoin price is in the mood to break above the ultimate peak near 315 to confirm a long-term bullish bias. For near-term however, the technical indicators are screaming “bulls” at the top of their lungs.
As you can see in the 4H Bitfinex chart above, the bitcoin price is clearly sitting above the 50H SMA, while the RSI has dropped to 64 in the name of correction. The MACD blue curve is also pointing towards the saffron signal curve, therefore validating the little sell-offs happening in the market.
Read more analysis here: https://www.coinarch.com/Info/Blog?Page=2015/03/daily-bitcoin-price-analysis-4th-march/
At the same time, the 275-support has proven to be stronger today and is hoping to hold the price from falling into a bearish slope. If it fails, it will end up validating the downside target near 270. However, if price manages to float above the 275 level, it will further validate an upside movement towards the 285-resistance mark.
Conclusion (On Daily Charts)
Current Mood: Strongly Bullish
Technical Indicators: Strong Buy (8 Buy 0 Sell 3 Neutral)
Moving Averages: Strong Buy (12 Buy 0 Sell)
We have recently seen the bitcoin price climb daily which points to the recent fundamental upgrades in the bitcoin arena. The inclusion of the Bitcoin Investment Trust, followed by the launch of Tera Exchange into the mainstream investing markets has literally acted as a rocket fuel to the digital currency’s value. Traders are expecting a notable Wall Street adoption in the future. Therefore, we wouldn’t be surprised if the price extends above the key resistance levels in the coming days.
March 4th Bitcoin Trading Session
The BTC/USD opened near 279, after being dumped at the intraday peak of 294. The routine price correction woke up a few bears, who briefly attempted to break below the psychological support around 275. An equal effort from the upside lovers made sure that price continued to stay in its prevailing bullish momentum. As a result, the bitcoin price once again moved a little north and validated its bullish bias.
At press time, the BTC/USD is being valued near 282.
What to Expect Today?
It is too soon to determine whether the bitcoin price is in the mood to break above the ultimate peak near 315 to confirm a long-term bullish bias. For near-term however, the technical indicators are screaming “bulls” at the top of their lungs.
As you can see in the 4H Bitfinex chart above, the bitcoin price is clearly sitting above the 50H SMA, while the RSI has dropped to 64 in the name of correction. The MACD blue curve is also pointing towards the saffron signal curve, therefore validating the little sell-offs happening in the market.
Read more analysis here: https://www.coinarch.com/Info/Blog?Page=2015/03/daily-bitcoin-price-analysis-4th-march/
At the same time, the 275-support has proven to be stronger today and is hoping to hold the price from falling into a bearish slope. If it fails, it will end up validating the downside target near 270. However, if price manages to float above the 275 level, it will further validate an upside movement towards the 285-resistance mark.
Conclusion (On Daily Charts)
Current Mood: Strongly Bullish
Technical Indicators: Strong Buy (8 Buy 0 Sell 3 Neutral)
Moving Averages: Strong Buy (12 Buy 0 Sell)
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